Student financial aid: Golden State Scholarshare Trust Act.
Under the Golden State Scholarshare Trust Act, the Scholarshare Investment Board administers the Golden State Scholarshare College Savings Trust, also known as the Scholarshare Trust, which provides financial aid for postsecondary education costs of participating students, as specified. Existing law authorizes the Scholarshare trust to enter into participation agreements with participants on behalf of beneficiaries pursuant to specified terms and agreements. Existing law also authorizes the Scholarshare trust to make payments to institutions of higher education pursuant to participation agreements on behalf of beneficiaries.
us/states/ca
California Legislature
20192020
AB 853
California AB 853 (20192020)
bill
Student financial aid: Golden State Scholarshare Trust Act.
California AB 853 (20192020) — Student financial aid: Golden State Scholarshare Trust Act.
Under the Golden State Scholarshare Trust Act, the Scholarshare Investment Board administers the Golden State Scholarshare College Savings Trust, also known as the Scholarshare Trust, which provides financial aid for postsecondary education costs of participating students, as specified. Existing law authorizes the Scholarshare trust to enter into participation agreements with participants on behalf of beneficiaries pursuant to specified terms and agreements. Existing law also authorizes the Scholarshare trust to make payments to institutions of higher education pursuant to participation agreements on behalf of beneficiaries.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass and be ordered to the Consent Calendar — 7–0 (pass) · upper
AB 853 Smith Assembly Third Reading — 74–0 (pass) · lower
Sponsors
Smith — primary (person)
Bonta — principal coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-02-20 Read first time. To print. reading-1
2019-02-21 From printer. May be heard in committee March 23.
2019-03-04 Referred to Com. on HIGHER ED. referral-committee
2019-03-20 From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. reading-1, reading-2, amendment-passage, amendment-introduction
2019-03-21 Re-referred to Com. on HIGHER ED. referral-committee
2019-04-03 From committee: Do pass. (Ayes 12. Noes 0.) (April 2). committee-passage-favorable, committee-passage
2019-04-04 Read second time. Ordered to third reading. reading-1, reading-2
2019-04-08 Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 1077.) passage, reading-3, reading-1
2019-04-08 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2019-04-24 Referred to Com. on ED. referral-committee
2019-06-05 From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (June 5). committee-passage-favorable, committee-passage
2019-06-06 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2019-06-17 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 1607.). passage, reading-3, reading-1
2019-06-18 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2019-06-20 Enrolled and presented to the Governor at 3:30 p.m.
2019-06-26 Approved by the Governor. executive-signature
2019-06-26 Chaptered by Secretary of State - Chapter 17, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/61918749-2f7d-464a-bd13-274239238589. Confidence: reported (aggregated from official California legislature records).